Christie’s jewellery auctions rescheduled

Christie’s Magnificent Jewels sales are postponed due to the spread of the new coronavirus.

Today

Pandora hires new Chief Commercial Officer

Pandora invited Martino Pessina to join the company as Chief Commercial Officer.

Yesterday

COVID-19: De Beers suspends March sight, permits 100% deferrals

De Beers has canceled its third sight of the year, which was set to commence today until Friday this week, due to the COVID-19 coronavirus pandemic.

30 march 2020

Nano-diamonds will be used to create masks for coronavirus - report

Master Dynamic - an engineering laboratory in the Hong Kong Science and Technology Park (HKSTP) - studies the properties of nano-diamonds as an antiseptic for the coating of surgical masks.

30 march 2020

Rapaport Price List suspended till May 1

Following an uproar in the diamond industry after the publication of its Price List on March 20, which slashed polished prices by 5% to 9% across all categories of goods, Rapaport announced that its next issue will be released in one month’s...

27 march 2020

De Beers proceeds with Sight Three

26 march 2020
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Diamond Trading Company Botswana                                                                                               Image credit: Bloomberg


(weekendpost.co.bw) - “As the situation around the world continues to evolve rapidly, we have been speaking with our customers to understand their requirements. While this is an extraordinary situation, our customers continue to express their desire for the Sight to proceed. We are therefore focused on standing with our customers, meeting their requirements and proceeding with Sight 3.” This is the most functional paragraph in a De Beers release announcing that Sight 3 will proceed amid coronavirus fears. According to American business media outlet, Bloomberg, De Beers is currently struggling with how to conduct diamond sales because key customers are blocked from travelling, let alone entre Botswana. The next sight is scheduled to start on the 30th of March. “Our intention remains to hold the sight, in line with the desire for it to go ahead as expressed by customers, but we are developing a suite of contingency plans in the event that it is not possible to hold the sight in the usual manner,” De Beers told Bloomberg this week.